Achieving Privacy: Costs of Compliance and Enforcement of Data Protection Regulation

Anupam Chander, Meaza Abraham, Sandeep Chandy, Yuan Fang, Dayoung Park and Isabel Yu

No 9594, Policy Research Working Paper Series from The World Bank

Abstract: Is privacy a luxury for the rich world? Remarkably, there is a dearth of literature evaluating whether data privacy is too costly for companies to implement, or too expensive for governments to enforce. This paper is the first to offer a review of surveys of costs of compliance, and to summarize national budgets for enforcement. The study shows that while privacy may indeed prove costly for companies to implement, it is not too costly for governments to enforce. This study will help inform governments as they fashion and implement privacy laws to address the “privacy enforcement gap†—the disparity between the privacy on the books, and the privacy on the ground.

Keywords: Information Security&Privacy; ICT Applications; Health Care Services Industry; International Trade and Trade Rules (search for similar items in EconPapers)
Date: 2021-03-23
New Economics Papers: this item is included in nep-ict and nep-law
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9594

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